Saving for your children’s college tuition won’t hurt their financial aid eligibility as much as many parents seem to think.
http://www.nytimes.com/2015/10/24/your-money/why-it-makes-good-sense-to-save-for-college-now.html
Interesting article. What has stood out the most for me is that Governor O’Malley and his wife have already borrowed $340,000 for two of their children to attend college and they’ve still got two younger children to attend. Their plan seems to be simply hoping - hoping that their younger two pick cheaper colleges and hoping that they’ll have the future income to repay it. That seems tremendously silly to me.
“Retirement accounts don’t count here”. I think that’s about the most important statement anyone can say about colleges and financial aid.